Keywords: Imports


Italy should reconsider nuclear power, says IEA chief

Italy should reconsider its long-standing opposition to nuclear energy in order to strengthen its energy security and improve economic stability, according to the head of the International Energy Agency (IEA). Italy currently has no active nuclear power plants and depends heavily on energy imports,......

Refinery fire in Australia deepens Asia fuel supply crisis

A fire at a major Australian refinery has intensified fuel supply pressures across Asia, as regional markets already strain under disruptions linked to the Middle East conflict. At the same time, Japanese refiners are resorting to complex offshore oil transfers to secure crude supplies while avoiding......

South Korea moves closer to securing oil supplies from Kazakhstan

South Korea is nearing an agreement to secure crude oil supplies from Kazakhstan, as part of its strategy to diversify energy sources amid ongoing instability in the Middle East. According to the country’s industry minister, negotiations have made significant progress, with details regarding volumes......

India extends duty-free yellow peas imports until 2027

India has announced an extension of duty-free imports of yellow peas until March 31, 2027, as part of its ongoing efforts to ensure stable food supply and manage domestic prices. The decision was confirmed by the country’s commerce ministry, which stated that all existing import conditions would......

Thailand secures deal with Iran for safe tanker passage through the Strait of Hormuz

Thailand announced Saturday it has reached an agreement with Iran allowing Thai oil tankers to transit safely through the Strait of Hormuz, a rare diplomatic breakthrough as the strategic waterway remains virtually closed to commercial shipping amid the ongoing war between the United States, Israel and......

China's alcohol ban at official events triggers global wine market crisis

China's once-robust appetite for imported wine has collapsed, and a Communist Party directive banning alcohol at government and official functions has deepened the damage, leaving producers from France to Australia managing unsold inventory and sharply declining demand. In May 2025, Beijing renewed......

Middle East conflict threatens up to 3 percent GDP loss in Asia Pacific

Escalating conflict in the Middle East could reduce economic output across Asia Pacific by up to 3 percent in a prolonged war scenario, according to a new assessment by Moody’s Analytics. The report projects regional growth slowing to 4 percent in 2026 from 4.3 percent in 2025, with further moderation......

Red meat prices in Morocco set for temporary decline amid surge in imports

Red meat prices in Morocco are expected to ease in the short term following the arrival of more than 40,000 head of cattle imported from Brazil and Uruguay. These shipments, purchased earlier in the year at lower prices, are set to increase supply and bring temporary relief to a market that has experienced......

Russian oil tankers rerouted from China to India after US sanctions waiver

Several tankers carrying Russian crude originally bound for China have changed course mid-voyage and are now heading to India, as Indian refiners take advantage of a temporary US sanctions waiver to secure discounted supplies amid a global energy crisis. The Aframax tanker Aqua Titan, loaded with Urals......